Mastercard Stock a 'Major Buying Opportunity' After Sell-Off: Tigress

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Mastercard Stock a 'Major Buying Opportunity' After Sell-Off: Tigress
Credit: © Reuters.

By Sam Boughedda

Investing.com — Mastercard Inc (NYSE: MA ) shares are up around 3% Friday after Tigress Financial called its recent sell-off a "major buying opportunity." 

Mastercard shares have been steadily declining, falling over 8% in the last three months to an intraday low of $323.34. However, they have bounced back slightly today, trading around the $347.64 mark.

Tigress Financial analyst Ivan Feinseth said Mastercard shares have been "surprisingly weak even after reporting very strong quarterly results."

The analyst added that both domestic and cross-border spending have returned to pre-pandemic levels and that Mastercard shares remain one of the best ways to play the continuing shift towards electronic and other payment technologies.

Feinseth reiterated a strong buy rating on the stock and a $460 price target.

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